Commit To Buy Biogen At $235, Earn 14.1% Annualized Using Options
July 16, 2020 at 12:32 PM EDT
Investors considering a purchase of Biogen Inc (BIIB) shares, but cautious about paying the going market price of $280.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2021 put at the $235 strike, which has a bid at the time of this writing of $22.30..